President Obama may want to spend another $53 billion on high speed trains and other nonsense, but even the Chairman of the Fed knows this madness cannot go on forever.
Questioning the Chairman on Capitol Hill last week, Republican Paul Ryan got Bernanke to agree that the best way to generate growth in the economy is to cut spending. Direct question, very direct answer.
But then Ben said, “I’d really love to answer more questions, Congressman Ryan, but I’m working swing shift on the printing press tonight and I really have to get going. George Soros gets very angry when I’m late.”
OK, well, maybe he didn’t say it, but we’re pretty sure he was thinking it.
